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Category: Global Economy
Between 2021-25, prices of inputs (agrochemicals, seeds, fuel, etc.) rose by more than 41% on average in the U.S., Europe and many other parts of the world, while prices of basic agricultural products (wheat, corn, etc.) rose by only 25-35% on average, according to Logos Press.
Despite the huge budget deficit, the National Bank of Ukraine is confident that international aid to the country will be enough to keep the printing press running, Logos Press reported.
In December this year, the European Commission plans to submit proposals to create a single supervisory body for stock and cryptocurrency exchanges in order to eliminate fragmentation and improve the EU’s competitiveness in capital markets – according to Logos Press.
In 2025, analysts forecast real economic growth in Romania of only 0.8% of GDP, with the “alternative scenario” being a technical entry into recession with a budget deficit of 8.6% to GDP, Logos Press reported.
In the October issue of World Economic Outlook, the International Monetary Fund ranks the countries with the highest public debt in 2025, Logos Press reports.
Russia’s second-largest oil producer Lukoil said it plans to sell its overseas assets after the U.S. Treasury Department imposed sanctions on the company to pressure the Kremlin to end the war in Ukraine, Logos Press reported.
European Union leaders have postponed consideration of using frozen Russian assets to help Ukraine until December 2025, Logos Press reported citing Finantial Times.
The markets of Moldova and Romania may be seriously affected by the secondary effects of the sanctions imposed by the United States against the Russian company Lukoil. This was warned by former Moldovan Prime Minister Ion Sturza, Logos Press reported.
The EU has adopted a new package of sanctions against Russia on the eve of the summit of EU leaders in Brussels.
The EU Council has approved a new trade agreement with Ukraine, which envisages increased quotas for the supply of agro-food products, Logos Press has reported.
The Nobel Prize in Economics has been awarded to Joel Mokyr, Philippe Agyon and Peter Hovitt, who argue that development requires controlled chaos, according to Logos Press.
The International Monetary Fund is demanding that Ukraine’s central bank devalue the hryvnia to strengthen the country’s finances and increase budget revenues, but Kiev is resisting such a scenario, fearing a surge in inflation and popular anger, Logos Press reported.
